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Ansal Properties Reports Rs 210 Crore Loss In Q4 FY20

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Total income fell to Rs 406.98 crore in the fourth quarter last fiscal, from Rs 461.54 crore in the same period a year ago, according to a regulatory filing. 

Crisis-hit realty firm Ansal Properties and Infrastructure on Friday reported a consolidated net loss of Rs 209.96 crore for the fourth quarter ended March 2020. It had posted a net loss of Rs 25.12 crore in the year-ago period. 

Total income fell to Rs 406.98 crore in the fourth quarter last fiscal, from Rs 461.54 crore in the same period a year ago, according to a regulatory filing. 

During the full 2019-20 fiscal, the company posted a net loss of Rs 261.15 crore as against a net loss of Rs 140.24 crore in the previous year. 

Total income increased to Rs 1,145.25 crore last fiscal, compared to Rs 824.39 crore in the 2018-19. 

Ansal Properties has huge borrowings from several banks. Some of the banks loans have turned non-performing assets (NPA).

Source: PTI

(Note: The story has been published without modifications to the text. Only the headline has been changed.)

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